122 N Washington St Frankton, IN 46044
Estimated payment $2,167/month
Highlights
- Downtown View
- Corner Lot
- Forced Air Heating System
About This Home
A unique opportunity awaits in this newly renovated mixed-use property, a turn key money-maker! The commercial space spans 2,404 sq ft on the main level, and the apartments on the 2nd level are nearly 2,500 sq ft total. The entire building has new HVAC, electrical, plumbing, windows, and roof! The 3 apartments upstairs all have 2 bedrooms and 1 bathroom, and have all new everything. They are all currently leased for another year, each bringing in $1,000 per month. Each unit has its own gas and electric meter, meaning tenants have full control over their climate and usage needs. The main level space provides a versatile blank canvas ready to be tailored for your business vision. With a solid foundation and recent construction, this space offers flexibility for a wide range of commercial uses, from retail to office space, or even a specialized venue, such as a vet clinic, restaurant, or fitness studio/gym. The bottom level as a commercial space could bring in up to $2,000 per month in rental income. Though currently zoned commercial, the space can be switched to residential, which allows further flexibility in how the space could be used, potentially creating a 4-plex. The building is on a full basement as well, which provides ample space for storage of supplies, inventory, and equipment you may have for your business. Whether you're a business owner looking for a fresh start or an investor seeking a flexible property, this is a rare find with endless potential!
Listing Agent
CrestPoint Real Estate Brokerage Email: patrick@CrestPointIndy.com License #RB15001255
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,404
Year Built
- Built in 1900 | Remodeled
Lot Details
- 4,792 Sq Ft Lot
- Corner Lot
Home Design
- Quadruplex
- Brick Exterior Construction
- Block Foundation
- Aluminum Siding
- Cement Siding
Interior Spaces
- 2-Story Property
- Downtown Views
- Unfinished Basement
- Basement Fills Entire Space Under The House
- Fire and Smoke Detector
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Laundry
- Laundry on main level
- Washer and Dryer Hookup
Schools
- Lapel Middle School
Additional Features
- City Lot
- Forced Air Heating System
Community Details
- Laundry Facilities
Listing and Financial Details
- The owner pays for insurance, taxes, sewer, trash collection, water
- Tax Lot 008
- Assessor Parcel Number 480531301018000028
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/01/2025 05/01/25 | Price Changed | $369,900 | -1.4% | -- |
| 11/12/2024 11/12/24 | For Sale | $375,000 | -- | -- |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22010109
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